Stifel Financial Corp boosted its stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 9.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,488 shares of the financial services provider’s stock after purchasing an additional 22,301 shares during the quarter. Stifel Financial Corp owned approximately 0.39% of BofI worth $6,996,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BOFI. Bank of Montreal Can boosted its position in BofI by 944.2% during the 2nd quarter. Bank of Montreal Can now owns 22,784 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 20,602 shares during the period. Aperio Group LLC boosted its position in BofI by 20.6% during the 2nd quarter. Aperio Group LLC now owns 11,738 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 2,007 shares during the period. Russell Investments Group Ltd. boosted its position in BofI by 5.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 325,769 shares of the financial services provider’s stock valued at $7,727,000 after purchasing an additional 15,880 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in BofI by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,610 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 500 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in BofI by 3.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 83,714 shares of the financial services provider’s stock valued at $1,984,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.

In other news, Director Edward James Ratinoff sold 7,540 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the sale, the director now owns 29,600 shares of the company’s stock, valued at approximately $793,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mosich Nick sold 18,308 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $27.75, for a total value of $508,047.00. Following the completion of the sale, the director now directly owns 83,018 shares in the company, valued at approximately $2,303,749.50. The disclosure for this sale can be found here. 6.24% of the stock is owned by insiders.

Shares of BofI Holding, Inc. (NASDAQ BOFI) opened at $26.99 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $1,705.35, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.13 and a beta of 0.39. BofI Holding, Inc. has a 12 month low of $21.60 and a 12 month high of $32.57.

BofI (NASDAQ:BOFI) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $93.89 million for the quarter, compared to the consensus estimate of $94.93 million. BofI had a return on equity of 15.33% and a net margin of 34.49%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. equities research analysts expect that BofI Holding, Inc. will post 2.38 earnings per share for the current fiscal year.

BOFI has been the subject of a number of analyst reports. BidaskClub lowered BofI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. ValuEngine downgraded BofI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. FBR & Co reaffirmed a “buy” rating and set a $37.00 target price on shares of BofI in a research note on Friday, September 29th. Craig Hallum reaffirmed a “buy” rating and set a $39.00 target price (up previously from $35.00) on shares of BofI in a research note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $31.00 target price on shares of BofI in a research note on Monday, October 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $34.50.

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About BofI

BofI Holding, Inc (BofI) is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables.

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Institutional Ownership by Quarter for BofI (NASDAQ:BOFI)

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